Daily Archives: April 7, 2017

Distell Group, South Africa’s largest wine and Spirits Company on Tuesday announced it has acquired a 26.43% stake in KWA Holdings East Africa Limited (KWAL), Kenya’s largest wine and spirits manufacturer and distributor, from Centum Investment Company Limited, increasing its ownership in the firm to 52.43%.

Distell first acquired a stake in KWAL, when in 2014, it took a 26% shareholding in the Industrial and Commercial Development Corp (ICDC).